Disliked{quote} Here's what I see CB, On the 1h chart it is telling me it could be a "messy" break 21ema, move to 200sma. The reason I say "messy" is because it is currently above the 21ema/89sma indicating a buy, but sometimes it can just be a "messy" break 21ema, pullback (above), move to 200sma. I would either wait for it to break above the trend line looking higher, or see if we get another break of the 21ema downwards on the 1h chart, looking for the pullback, move to 200sma trade. 1.2800 in AudUsd in definitely on the cards in my opinion, barring...Ignored
As for the AUDUSD reaching 1.2800, I've made an analysis (following the same rules stated in the Market Rhythm) and if I follow through on that trade, my exit would be a conservative 1.2500 (128% fib extension). My nerves would get the better of me beyond that, instead I'd look for multiple short term profits headed towards the 1.2800. Hope i making sense.
Thanks for the heads up Jonny